Mahindra Rural Housing Finance Cluster Manager Salaries by 6 Employees

6 - 13 years exp.

₹3.4 Lakhs - ₹11 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Cluster Manager Salary in NBFC Companies for 6 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 11 - 13 years exp. (3 salaries)	₹5.5 L/yr - ₹11 L/yr
Finance & Accounting Cluster Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹5.7 L/yr
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Sales & Business Development Cluster Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 17 Aug 2024

Companies similar to Mahindra Rural Housing Finance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (257 salaries)	₹8.2 L/yr - ₹29.5 L/yr 181% more	108 job openings
HDB Financial Services Cluster Manager Salary 12 - 23 years exp. (233 salaries)	₹9.5 L/yr - ₹26 L/yr 156% more	9 job openings
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Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (142 salaries)	₹4.1 L/yr - ₹11 L/yr 1% less	4 job openings
Spandana Sphoorty Financial Cluster Manager Salary 0 - 10 years exp. (75 salaries)	₹3.2 L/yr - ₹7.2 L/yr 24% less
SMFG India Credit Cluster Manager Salary 7 - 19 years exp. (75 salaries)	₹5 L/yr - ₹21 L/yr 69% more
Bharat Financial Inclusion Cluster Manager Salary 0 - 12 years exp. (70 salaries)	₹5.3 L/yr - ₹8.4 L/yr 4% less
Piramal Capital Housing Finance Cluster Manager Salary 3 - 17 years exp. (68 salaries)	₹8.4 L/yr - ₹21 L/yr 103% more
Mahindra Finance Cluster Manager Salary 8 - 19 years exp. (34 salaries)	₹6.5 L/yr - ₹16 L/yr 48% more
Tata Capital Cluster Manager Salary 6 - 16 years exp. (22 salaries)	₹6.5 L/yr - ₹15.5 L/yr 75% more	3 job openings
Home Credit Finance Cluster Manager Salary 6 - 16 years exp. (20 salaries)	₹4.1 L/yr - ₹9 L/yr 14% less	2 job openings
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	₹6.5 L/yr - ₹11.5 L/yr 43% more
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IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	₹3.7 L/yr - ₹7.5 L/yr 13% less	1 job opening
SK Finance Limited Cluster Manager Salary 9 - 15 years exp. (13 salaries)	₹5.8 L/yr - ₹15 L/yr 51% more
Muthoot Fincorp Cluster Manager Salary 10 - 14 years exp. (10 salaries)	₹5.2 L/yr - ₹10.5 L/yr 5% less
L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹8.1 L/yr 9% less
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	₹12 L/yr - ₹21.5 L/yr 120% more
Asirvad Microfinance Cluster Manager Salary 12 - 17 years exp. (6 salaries)	₹7 L/yr - ₹10 L/yr 32% more
Aavas Financiers Cluster Manager Salary 11 - 15 years exp. (5 salaries)	₹7.7 L/yr - ₹15.5 L/yr 61% more
CreditAccess Grameen Cluster Manager Salary 7 - 17 years exp. (6 salaries)	₹2.2 L/yr - ₹4.3 L/yr 51% less
Capital Trust Cluster Manager Salary 6 - 13 years exp. (4 salaries)	₹5.2 L/yr - ₹9 L/yr 8% less

View all

Cluster Manager salary at Mahindra Rural Housing Finance ranges between ₹3.4 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Rural Housing Finance.

Experience wise Mahindra Rural Housing Finance Cluster Manager salaries

Last Updated: 17 Aug 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.7 L/yr
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8 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹15.2 L/yr
12 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹11 L/yr
13 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹11 L/yr

View all

Similar Designation salaries in Mahindra Rural Housing Finance

Cluster Head Salary

(3 salaries)

₹9.2 L/yr - ₹14 L/yr

Area Manager Salary

(10 salaries)

₹9.25 L/yr - ₹14 L/yr

Deputy Manager Salary

(89 salaries)

₹3.2 L/yr - ₹10.75 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Sales Manager Salary

(19 salaries)

₹1.5 L/yr - ₹6 L/yr

Branch Manager Salary

(364 salaries)

₹1.85 L/yr - ₹8 L/yr

Territory Manager Salary

(185 salaries)

₹4.5 L/yr - ₹13.1 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹9.4 L/yr - ₹12 L/yr

Relationship Manager Salary

(37 salaries)

₹2.6 L/yr - ₹4 L/yr

Area Business Manager Salary

(6 salaries)

₹8.85 L/yr - ₹21 L/yr

Salary related reviews for Mahindra Rural Housing Finance

4.0

Rated by 7 employees for salary & benefits

Branch Manager in Shujalpur

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 15 Dec 2024

3.0

for Salary and Benefits

Likes

...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary

Skill development - Good

Dislikes

The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).

Job security - Poor

Branch Manager in Akola

Full Time

Sales & Business Development Department

4.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

I like company culture environment co operative senior..

Skill development - Good

+5 more

Dislikes

I dislike company salary structure compare for new joining against old employee who was complete his above 5 years in company but company not provide as per role benefits.

Sales Executive in Vellore

Full Time

Marketing & Communication Department

1.0

• posted on 21 Jan 2024

1.0

for Salary and Benefits

Likes

I don't like the Mahindra Rural Housing Finance (MRHFL) Reason: I started January 8 this month's salary not credit in my account and February month salary just 6500 rupees worst behaviour HR department. I not relieved the company but company abscond my name, I facing big problem in my life intercaste marriage this the reason abscond my name, I called to HR department in my relieving letter HR is not giving my relieving letter, so many problems in this company🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬

Dislikes

Worst experience in this company

Salary - Bad

+6 more

Territory Sales Manager in Chennai

Full Time

Sales & Business Development Department

3.0

• posted on 18 Apr 2023

4.0

for Salary and Benefits

Likes

Salary on time

Salary - Good

+2 more

Dislikes

No salary growth after internal promotion. Working on Sunday Late night Working Very poor incentive policy All work manually Poor infrastructure Lazy HR Casual approach company Risk on field to executive on collection time Poor legal

Skill development - Bad

+1 more

Territory Manager in Machilipatnam

Full Time

Sales & Business Development Department

5.0

• posted on 17 Oct 2022

2.0

for Salary and Benefits

Likes

1.In this company provide loans for rural people and transforming rural areas in that reason educate to rural people 2.For giving best career to every one 3.Freshers can do and mingle with this company easily

Job security - Excellent

+1 more

Dislikes

Salary Hich is very bad

Salary - Poor

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Rural Housing Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Rural Housing Finance ?

The average salary of a Cluster Manager at Mahindra Rural Housing Finance in India typically ranges from ₹3.4 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Cluster Manager at Mahindra Rural Housing Finance earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Cluster Manager Salaries at Mahindra Rural Housing Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 6 Mahindra Rural Housing Finance employees in India.

What is the estimated take home salary of a Cluster Manager at Mahindra Rural Housing Finance in India?

The estimated take-home salary of a Cluster Manager at Mahindra Rural Housing Finance in India typically ranges from ₹52,332 to ₹53,632 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 6 years to 13 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of Mahindra Rural Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Rural Housing Finance for Cluster Manager in India?

Bajaj Finance	₹8.2 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services	₹9.5 Lakhs to ₹26.0 Lakhs per year
Poonawalla Fincorp	₹12.0 Lakhs to ₹21.5 Lakhs per year
Piramal Capital Housing Finance	₹8.4 Lakhs to ₹21.0 Lakhs per year
Tata Capital	₹6.5 Lakhs to ₹15.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Rural Housing Finance, depending on the role and experience level.

What is the salary of a Cluster Manager in companies similar to Mahindra Rural Housing Finance in India?

The salary of a Cluster Manager at companies similar to Mahindra Rural Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SMFG India Credit	₹5.0 Lakhs to ₹21.0 Lakhs per year
Aavas Financiers	₹7.7 Lakhs to ₹15.5 Lakhs per year
SK Finance Limited	₹5.8 Lakhs to ₹15.0 Lakhs per year
Mahindra Finance	₹6.5 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra Prime	₹6.5 Lakhs to ₹11.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Cluster Manager at Mahindra Rural Housing Finance in India?

The salary growth for a Cluster Manager at Mahindra Rural Housing Finance depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Mahindra Rural Housing Finance:

Experience	Average Salary Range
6 years	₹3.4 Lakhs to ₹4.0 Lakhs per year
7 years	₹1.8 Lakhs to ₹5.7 Lakhs per year
8 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
9 years	₹5.8 Lakhs to ₹7.5 Lakhs per year

and so on.

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Mahindra Rural Housing Finance Cluster Manager Salaries

Mahindra Rural Housing Finance Cluster Manager salary in India ranges between ₹3.4 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.